LONDON Copper prices held steady on Friday as a weaker dollar and strikes at some operations were offset by a deal between management and workers to avert…
Copper steadies after rising COVID infections knock prices leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
METALS-Dollar strength sends copper to lowest in nearly two months reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Copper edged lower on Wednesday as investors took some money off the table over worries about a dip in demand from top consumer China while a firmer dollar also sapped the metal's appeal.
(Updates prices)
HANOI, June 1 (Reuters) - Copper prices rose on Tuesday, helped by recovering global demand, supply threats from a labour dispute in Chile and a weaker dollar.
Three-month copper on the London Metal Exchange was up 0.5% to $10,306 a tonne at 0706 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange was up 0.6% to 74,160 yuan ($11,632.94) a tonne.
“Prices have increased on the back of a firm uptick in demand as the world outside of China recovers, increased money supplies and supply issues in both China and Chile,” said commodities broker Anna Stablum of Marex Spectron in a note.